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Earnings, Stocks, And Inflation (Podcast)

Bloomberg Intelligence

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The Labor Market Is Mean Reverted, Right?

The labor market only returned to February 2020 levels in the middle of this summer. The economy covered very quickly when the worst of the COVID crisis had passed. But productivity is mean reverting, and if we're heading towards a growth rate of 0.3% at year end, the tone in the labor data is going to deteriorate.

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